Swipesum vs. weAudit: One Flat Fee, or Paid From Every Direction?
If you are comparing Swipesum and weAudit, you already suspect your business is overpaying for credit card processing. Both firms will look at your statement for free. The difference is in how each one gets paid after that, and it is a bigger difference than it first appears. We are weAudit, so you know where we stand. That is exactly why every statement about Swipesum on this page comes from their own website, published interviews, or public profiles, with dates, so you can verify each one yourself.
The Short Version
| weAudit.com | Swipesum | |
|---|---|---|
| How you pay | A low flat monthly fee, published on our website | Several ways at once: consulting (about $50 an hour), a Premium subscription ($100 per location per month, or $1,000 a year), and a share of your savings (per swipesum.com and CardRates, as of August 2026) |
| Compensation from processors | None. No revenue share, referral fees, or commissions from any processor, ever. Our only revenue is what clients pay us | Yes. Per CardRates, Swipesum has “agreements with payment businesses that provide the company with income”; the amount is not disclosed (as of August 2026) |
| Share of your savings | We take none. You keep 100% | Can take a percentage. The CEO’s own example: a $25,000 monthly check for a year on $100,000 saved per month (per CardRates, as of August 2026) |
| Commitment / contract | Month to month, no contract, cancel anytime, backed by our 60-Day Love-The-Results-Or-Don’t-Pay Guarantee | Not published. The Premium tier is billed monthly or annually and the CEO’s savings-share example runs a year; ask them the term and how to cancel (per swipesum.com and CardRates, as of August 2026) |
| What you end up with | Lower fees, usually by fixing the processor you already have; if you prefer, we renegotiate or help you switch, always taking zero from any processor | Often a switch to one of their network of 70+ payment providers (per swipesum.com, as of August 2026) |
| Who the arrangement is paid by | You, and only you | You and the processors |
| Founder background | Former executive at Fifth Third Processing Solutions (which became Vantiv, then Worldpay, today part of Global Payments) | CEO Michael Seaman’s payments experience is a two-year business development and partnerships role at Worldpay (2014 to 2016); his profile summarizes his career as “sales, marketing, and business development” (per LinkedIn, as of August 2026) |
| Audit technology | Proprietary MADR (Mass Analysis Data Reporting) engine, built and maintained in-house, updated every April and October | Staitment, their own AI statement tool (per swipesum.com, as of August 2026) |
| Third-party accountability | BBB: A+ rating, Accredited since 2015, zero complaints on file; 2019 Torch Award. Google: 5.0 stars across 26 reviews (as of August 2026) | BBB: A+ rating but not a BBB Accredited business, 10 years in business. Trustpilot: 3.6 of 5, labeled “Average” (per bbb.org and Trustpilot, as of August 2026) |
Every Swipesum fact above is drawn from swipesum.com, published interviews, bbb.org, Trustpilot, or public profiles as of August 2026. If anything changes, we will update this page.
The Biggest Difference: Who Pays Your Advisor?
Both firms audit statements. The question that matters is who is writing the checks to the firm doing the auditing.
Paid from several directions at once. Per CardRates, Swipesum charges consulting (around $50 an hour), sells a Premium subscription ($100 per location per month, or $1,000 a year), can take a share of your savings (its CEO’s own example is a $25,000 monthly check for a year on $100,000 of monthly savings), and it also holds “agreements with payment businesses that provide the company with income.” That last one means the processors pay Swipesum too. Like a magazine that charges the reader and the advertiser, the money arrives from both sides of the table.
One flat monthly fee, published right on our website, paid by you. We take a share of nothing and a dollar from no processor. You keep 100% of what we save you, and we take nothing from any processor, whatever we end up recommending.
None of Swipesum’s revenue streams are secret in the sense that they are all findable, and to their credit the CEO has described them in interviews. But the one that matters most for trust, the money the processors pay Swipesum, comes without a published number attached. You cannot see how much of the recommendation is being paid for by the company being recommended.
Paid to Advise, and Paid to Switch You
Here is where it gets worth thinking about slowly. Swipesum will happily optimize the processor you already have, and their paid subscription is a flat charge you pay either way. But the largest pieces of their compensation, the processor “agreements” and the share of your savings, are tied to placing your account with one of the 70-plus providers in their network. In plain terms, several of the ways Swipesum gets paid only pay out if you switch.
That does not make them dishonest. It makes them a broker as much as an auditor, and a broker’s advice is worth reading with the incentive in view. When the same firm both tells you what your statement is doing and earns a commission from the processor it moves you to, the audit and the sale are being performed by the same hand. weAudit is built to remove that tension entirely. We start by trying to fix the processor you already have. But if renegotiating serves you better, we will negotiate on your behalf with any processor you choose, and if you want us to find you a new one, we will do that too. What never changes, in any of those cases, is that we do not receive a penny from any processor. Our fee is the same flat amount whether you stay, renegotiate, or switch, so we have no reason to push you toward any of them except the one that is genuinely best for you.
A Former Executive, or a Two-Year Sales Role?
Swipesum is a capable firm, and it is fair to say its founder has spent time in and around payments. So let the public record speak. Michael Seaman, Swipesum’s CEO, lists one credit card processing role on his LinkedIn: business development and integrated partnerships at Worldpay, from 2014 to 2016, two years (as of August 2026). His profile summarizes his career as “over 10 years of experience in various sales, marketing, and business development roles,” and during Swipesum’s first two years it also lists a concurrent position as West Coast Sales Manager at Monotype, a typography company. That is a real background, in sales and business development.
weAudit’s founder, Robert Day, spent his career on the other side: a former executive at Fifth Third Processing Solutions, the processor that became Vantiv, then Worldpay, and is today part of Global Payments, serving more than 6 million merchant locations and $3.7 trillion in annual volume. He learned how processors build statements by helping build them, at the executive level, over many years.
For a service whose entire value is knowing what a processor’s statement is really doing, the difference between a two-year business-development role and a career run inside a processor is worth weighing. We are not knocking anyone’s hustle. We are saying the depth is not the same, and you can confirm all of it yourself: both profiles are public on LinkedIn.
Who Does Your Auditor Answer To?
weAudit is paid by exactly one party: the merchant. A low flat fee, month to month, and not one dollar from any processor, ever. That is the entire reason we can tell you the unvarnished truth about your statement, because no processor is paying us and no part of our fee depends on moving your account anywhere.
Swipesum’s compensation includes money from the processors and, by its CEO’s own example, as much as a quarter of your savings for a year. Its Premium subscription is the exception, a flat charge you pay either way, but the largest pieces are tied to placing your account with a provider in its network.
So the fair question is the one you would ask a stockbroker who is paid by the funds he recommends: when the firm auditing your statement also earns from the processor it moves you to, how sure can you be that “switch” is advice and not a sale? We are not saying Swipesum’s recommendations are wrong. We are saying you cannot see the incentive from the outside, and with weAudit there is nothing to see, because there is no processor money and no share of your savings. weAudit is also partially owned by an attorney, and we hold to the rule any attorney lives by: you cannot represent two parties whose interests point in different directions. So we represent one. We are paid by you, we answer to you, and the savings are yours.
The Technology Behind the Audit
weAudit runs every statement through MADR (Mass Analysis Data Reporting), our proprietary in-house analysis engine, refined across thousands of merchant statements. We invested more than $1 million to build it, and it remains one of our largest ongoing expenses for a reason merchants will recognize: the card networks change their processing rules and rates every April and October, and MADR is updated on that same cycle, every single time.
In fairness, Swipesum has its own tool too. Staitment is marketed as an AI platform that audits a statement line by line (per swipesum.com), and a named, in-house tool is a genuine asset, one of the things that makes Swipesum a more serious operation than most. So the difference we would point to is not whether a tool exists. It is what the business around the tool is paid to conclude. An audit engine is only as trustworthy as the incentives of the firm running it. Ours is paid a flat fee by you and earns nothing from any processor, so it has no reason to steer you anywhere.
There Is No License for What We Do
Read this before you read the questions below. There is no license for what we do. No certification, no regulator, no exam. Anyone can put up a website tomorrow that says “processing fee auditor” and “we are the industry experts,” and start signing up merchants by the afternoon. That is not a knock on the industry; it is simply the reality of it, and it means the entire burden of telling a real firm from a good-looking website falls on you. So do not trust claims. Trust records.
Records are public now, and they are hard to fake. Before you sign with anyone, or hand your business to anyone, spend fifteen minutes verifying four things:
- Leadership career history, on LinkedIn. Look up the people who actually run the firm. Where were the years spent, at what level, and inside which companies? A two-year sales role and a career run inside a processor are not the same thing.
- The BBB record. Is the firm accredited, for how long, at what rating, and how many complaints are on file? A firm that has put itself on that public record for years is telling you something a homepage cannot.
- How they are paid, by whom, and how much. Do you pay them, does a processor pay them, or both? Ask for every revenue stream in writing, including the processor-side commission and its size.
- Whether their pay depends on switching you. If moving your account is how they get paid, “you should switch” is a sales pitch as much as a finding. Ask what they earn if you stay put.
We put weAudit on all four records on purpose: our leadership is on LinkedIn, our BBB file is A+ and accredited since 2015 with zero complaints, we take nothing from any processor, and no part of our fee depends on switching you. Hold every option you consider, including us, to the same four.
Seven Questions to Ask Before You Hand Over Your Business
- How do you get paid, in every way? Consulting fees, subscriptions, a share of savings, processor commissions. List them all. A firm paid four ways has four incentives, and not all of them are yours.
- Do you receive any money from processors? If a processor pays you when I sign with it, you are not working only for me. If the answer is yes, what is the amount, and where is it disclosed?
- Does any part of your pay depend on my switching processors? If moving my account is how you earn, tell me what you make if I keep the processor I have.
- Do you take a percentage of my savings, and for how long? A quarter of your savings for a year is real money. Ask the percentage, the baseline, and the term.
- Who decides what counts as “savings,” and against what baseline? When the auditor is paid on the number, the definition of the number matters.
- What analyzes my statements, who owns it, and who acts on it? A good tool in the hands of a firm paid to move you is still a firm paid to move you.
- Has anyone on your team been an executive for a credit card processor? Not a two-year sales or business-development rep. An executive inside one. That is the difference between having sold payments and having built them.
We will answer all seven for weAudit right now: you pay us one flat published fee, and that is our only revenue stream; not one dollar from any processor, ever; no part of our pay depends on switching you, since our fee is the same whether you stay, renegotiate, or switch; we take no share of your savings, so you keep 100%; savings are simply your old cost minus your new cost; MADR is ours and we act on it for you alone; and our founder is a former executive of the processing giant now known as Worldpay, part of Global Payments.
Ask Swipesum the same seven. We mean that sincerely. An informed merchant is our best client.
What We Have in Common
In fairness, Swipesum is a capable and fast-growing firm, named to the Inc. 5000 three years running, a decade in business, with a real in-house tool in Staitment and a team behind it. If what you want is a consultant to run a competitive process across dozens of processors and manage a switch, they do that, and they do it well. We do a narrower thing on purpose: we audit the processor you already have, for a flat fee, take nothing from any processor, and leave 100% of the savings with you. This is why we also guarantee the largest savings, or our services are free.
Third-Party Validation
weAudit.com is BBB Accredited (since 2015) and holds an A+ rating with zero complaints on file, per bbb.org as of August 2026. In an industry built on fine print, an A+ and a complaint record that reads zero is not luck. It is the flat-fee model working exactly as designed: when clients keep all the savings and can leave month to month, there is nothing to complain about. In 2019, the St. Louis BBB awarded weAudit its Torch Award, the Bureau’s recognition for ethics in the marketplace. On Google, weAudit holds 5.0 stars across 26 reviews (as of August 2026). You can read what our clients say, in their own words, on our testimonials page.
Swipesum holds a BBB A+ rating, which is to its credit, though like several firms on our comparison pages it is not a BBB Accredited business (per bbb.org, as of August 2026). Where the public picture differs from weAudit is in the reviews: as of August 2026, Swipesum’s Trustpilot rating is 3.6 out of 5, which Trustpilot labels “Average,” while weAudit holds a 5.0 on Google and an A+ accredited BBB file with zero complaints. Those are different review platforms, so weigh the comparison with that in mind, but the gap is worth seeing.
One more difference you can hold in your hands: our founder wrote the book on this industry. The Great American Heist, with a foreword by Shark Tank’s Kevin Harrington, documents exactly how processors engineer their fees, and it is the playbook weAudit runs every day.
Comparing other providers as well? See our Verisave, Merchant Cost Consulting, P3 Cost Analysts, and CardFellow comparisons.
Have you used both, or spotted something on this page that needs correcting? We would genuinely like to hear it, whatever the outcome: [email protected]. That invitation extends to Swipesum too.
Get Your Free Audit
Send us a recent processing statement. Our MADR engine and our analysts will show you exactly what you are overpaying on the processor you already have, what it should cost, and what we would fix, no switching required. If we find nothing, you owe nothing and you have lost nothing. If we find money, it stays yours: our fee is flat, published, month to month, and covered by our 60-Day Love-The-Results-Or-Don’t-Pay Guarantee. And one more promise: we guarantee the largest savings, or our services are free.
Get Your Free AuditAll statements about Swipesum on this page are drawn from swipesum.com, published interviews (including CardRates), bbb.org, Trustpilot, and public profiles as of August 2026 and are provided for comparison purposes. Swipesum and Staitment are trademarks of their owner. If Swipesum, or anyone, believes any statement on this page is inaccurate or out of date, we welcome the correction at [email protected] and will review and update promptly.
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